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| Registros recuperados: 1.703 | |
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| Ciaian, Pavel; Pokrivcak, Jan; Szegenyova, Katarina. |
| In this paper we estimate the impact the CAP subsidies on farm bank loans. According to the theoretical results, if subsidies are paid at the beginning of the growing season they may reduce bank loans, whereas if they are paid at the end of the season they increase bank loans, but these results are conditional on whether farms are credit constrained and on the relative cost of internal and external financing. In empirical analysis we use the FADN farm level panel data to test the theoretical predictions for period 1995-2007. We employ the fixed effects and GMM models to estimate the impact of subsidies on farm loans. The estimated results suggest that (i) subsidies influence farm loans and the effects tend to be non-linear and indirect; (ii) both coupled... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm credit; CAP; Credit constraint; Agricultural and Food Policy; Agricultural Finance. |
| Ano: 2011 |
URL: http://purl.umn.edu/103085 |
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| Gustafson, Cole R.. |
| The U.S. biofuel industry is striving to produce ethanol from cellulosic feedstock sources in an effort to augment its existing corn grain-based ethanol production infrastructure. Technology to commercially produce cellulosic ethanol is rapidly advancing due in large part to the availability of substancial federal research and development funding. At the moment, several firms have pilot scale cellulosic ethanol production facilities under construction and testing. The transition from pilot scale to full commercialization of cellulosic ethanol will be difficult, due in large part financial constraints being imposed both internally and externally on the biofuels industry. This paper provides an overview of the biofuel industry’s current financial... |
| Tipo: Report |
Palavras-chave: Biofuel cellulosic ethanol finance investment risk; Agricultural Finance; Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/44870 |
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| LaDue, Eddy L.. |
| This paper reviews the establishment and funding of the W. I. Myers Professorship of Agricultural Finance and the activities and accomplishments of early chair holders. Because considerable time has passed since the formation of the Chair, this record will undoubtedly be incomplete in unknown ways. William I. Myers (1891-1976) was born and reared on a dairy and tobacco farm in Chemung County, New York. He received his Ph. D. from Cornell and was appointed to the faculty in 1918. In 1920 he was the first person ever appointed full professor of agricultural finance. In 1932, during the depth of the depression, Myers was asked by Henry Morgenthau to prepare recommendations for a legislative program to solve the agricultural finance problem. His ideas were... |
| Tipo: Working Paper |
Palavras-chave: Agricultural Finance; Teaching/Communication/Extension/Profession. |
| Ano: 2010 |
URL: http://purl.umn.edu/121057 |
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| Kaylen, Michael S.; Devino, Gary T.; Procter, Michael H.. |
| Qualitative models can be used for decision making under uncertainty. This provides a useful framework for evaluating the models. If the costs for every action/state of nature combination are known, decisions made using a well-calibrated model would result in actual costs being close to expected costs. In addition, the actual cost can be compared to the cost of perfect foresight actions, giving a bound on the value of a better model. Application of these procedures is made using a logit model developed to predict Missouri country grain elevator bankruptcy. |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance. |
| Ano: 1988 |
URL: http://purl.umn.edu/29262 |
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| Boyette, Deborah K.; White, Fred C.. |
| A market share analysis is undertaken to determine the contribution of the size of market effect, the distribution effect, and the competitive effect, the distribution effect, and the competitive effect to gains for the five major farm real estate lenders. Results are used as a basis for selection of variables for a demand-supply analysis. Separate demand and supply equations for new farm real estate debt over the 1951-81 period are estimated by three-stage least squares for three major lending groups. The results are used as a basis for simulation of Federal Land Bank supply response to selected policy changes. If current market conditions continue through 1990, FLB market share is expected to decrease 12.34 percent over the 1987-90 period. Higher FLB... |
| Tipo: Journal Article |
Palavras-chave: Agricultural Finance; Land Economics/Use. |
| Ano: 1987 |
URL: http://purl.umn.edu/32230 |
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| Gustafson, Cole R.. |
| As farms increase in size, operators face the decision of remaining loyal to local merchants or obtaining volume discounts from distant input suppliers. When farmers bypass local merchants and buy inputs in volume, they often realize price discounts but forego many services including credit forebearance. When farmers buy locally, they pay higher prices, which decreases profits and increases financial risk, but generates social capital which can be drawn upon during periods of economic adversity. A theoretical model of farm financial risk evaluates borrower behavior in light of cash flow constraints, volume discounts, and social capital. Results delineate financial risks involved and value of social capital. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Capital; Financial risk; Simulation; Social; Stochastic; Agricultural Finance. |
| Ano: 2005 |
URL: http://purl.umn.edu/19169 |
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| Elias, Carlos G.; Alwang, Jeffrey Roger. |
| This paper presents an economic model of group formation with an application to data collected from an agricultural credit program in western Honduras. We formulate a simple theory of group formation using the concept of centers of gravity to explain why individuals join a group. According to our theory, prospective members join based on the potential benefits and costs of group membership, and based on their perception of social distance between themselves and other group members. Social distance is unobservable by outsiders but known by the individual: if you are in then you know who has blue hair. Thus, we argue that social distance helps explain preferences for group formation. To test our theory we analyze data collected from members and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural Finance; Institutional and Behavioral Economics. |
| Ano: 2008 |
URL: http://purl.umn.edu/6527 |
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| Dorfman, Jeffrey H.. |
| What makes agriculture especially deserving of an active government safety net? What is different about agricultural production? Are we concerned about a safe and reliable food supply or about farmers' incomes and returns to assets? Those who make farm policy base their arguments on all of these points: the diffuse nature of agricultural production, the inherent production risk in agriculture, the need for a safe and reliable food supply, shortcomings in farm income, and low returns to assets in agriculture. This paper addresses these points and, in so doing, rules out some of these concerns as legitimate bases for current agricultural policies. By focusing on those that are genuine, U.S. farm policy could spend limited resources in areas where the most... |
| Tipo: Journal Article |
Palavras-chave: Agricultural policy; Farm income; Farm-sector safety net; Market power; Agricultural and Food Policy; Agricultural Finance. |
| Ano: 2000 |
URL: http://purl.umn.edu/14707 |
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| Registros recuperados: 1.703 | |
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